Happiness and Economics: How the Economy and Institutions Affect Human Well-Being.

Rating:
Summary: Anti globalists and classical economists, wake up!
Review: Anti globalists, the serious ones, aim for a happier world. Classical economists see no place for happiness in economics. Both will improve the quality of their thinking by reading this book. It provides in just 200 pages an excellent overview of concepts in economics and their consequences on motivation and happiness, supported by statistical evidence. The presentation of the evidence can be improved by using more tables and less graphs, or graphs with the corresponding tables in an appendix. Even though references are given with the graphs it is impossible to find the original data in the Internet. It is also of interest to policy makers in business and government. For governments some well-founded recommendations are made concerning participation of the electorate, referenda, and decentralisation. For business the ideas about the link between intrinsic and extrinsic motivation are useful concepts.